Americans ‘need a wake-up call’ when it comes to their finances

As Americans face increasing amounts of debt, their ability to retire comfortably is coming more into question.

“Our research has shown that 78% of people are living paycheck to paycheck,” financial expert Chris Hogan said on Yahoo Finance’s On the Move (video above). “That means if one check doesn’t show up, they don’t have enough to really make basic needs met month in and month out. So we need a wake-up call all the way around, and people need to engage in this and get more serious.”

Adriana Belmonte | Yahoo Finance

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